Environmentally sustainable bonds are one of the main instruments for financing investments related to green technologies, energy efficiency and resource efficiency as well as sustainable transport infrastructure and research infrastructure. European green bonds will be aligned with the EU taxonomy for sustainable activities and made available to investors globally. The...

It is common practice for group financings that the lender requests to limit the right of subrogation of the obligors. This is to avoid a situation where the obligors would subrogate in the claims of the lender and potentially benefit from the security granted to the lender in the event...

HM Treasury policy note on delaying payments processing and draft amending regulations On 12 March 2024, HM Treasury published a near-final version of the Payment Services (Amendment) Regulations 2024 , which aim to delay payments processing when there are reasonable grounds to suspect fraud or dishonesty. The publication is part...

The Council of the European Union (EU), following extensive negotiation, has adopted amendments to the Alternative Investment Fund Managers Directive (AIFMD) as well as the Undertakings for the Collective Investment in Transferable Securities Directive that are jointly referred to as "AIFMD II". The new rules introduce targeted amendments to several...

The Financial Conduct Authority (FCA) published its Consultation Paper on 23 April that sets out its updated proposals to extend the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management . The FCA proposals are primarily aimed at wealth management services for individuals and model portfolios for retail...